Best Research Universities for Economics Degrees

Badge for BEST FOR ECONOMICS RESEARCH UNIVERSITIES

The best economics research universities are those with rich histories of influence, proven through the work produced by the program’s faculty and alumni. Beyond demonstrating scholarly impact in the field, the best economics degree programs maximize your opportunities to interact with outstanding economics faculty.

Top 10 Research Universities Economics Programs

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  1. Harvard University
  2. Massachusetts Institute of Technology
  3. University of Chicago
  4. Princeton University
  5. Yale University
  6. Stanford University
  7. Columbia University
  8. University of California, Berkeley
  9. University of Pennsylvania
  10. Cornell University
  1. Harvard University
  2. University of California, Berkeley
  3. Columbia University
  4. University of Chicago
  5. Stanford University
  6. Yale University
  7. Princeton University
  8. Massachusetts Institute of Technology
  9. University of Michigan
  10. Cornell University
  1. University of Rochester 39%
  2. University of Virginia 19%
  3. University of Michigan 18%
  4. New York University 12%
  5. University of Southern California 12%
  6. Georgetown University 12%
  7. University of California, Berkeley 11%
  8. Carnegie Mellon University 11%
  9. Tufts University 10%
  10. University of California, Los Angeles 9%
  1. University of California, Berkeley 19 to 1
  2. University of California, Los Angeles 18 to 1
  3. University of Virginia 15 to 1
  4. University of Michigan 12 to 1
  5. Georgetown University 11 to 1
  6. Tufts University 10 to 1
  7. University of Southern California 9 to 1
  8. Cornell University 9 to 1
  9. University of Rochester 9 to 1
  10. New York University 8 to 1
  1. Columbia University $66,139
  2. Tufts University $65,222
  3. Brown University $65,146
  4. University of Southern California $64,726
  5. University of Chicago $64,260
  6. Northwestern University $63,468
  7. University of Pennsylvania $63,452
  8. Cornell University $63,200
  9. Duke University $62,688
  10. Dartmouth College $62,658
  1. University of Chicago $65,145
  2. University of Southern California $63,468
  3. Brown University $62,680
  4. Dartmouth College $60,687
  5. Johns Hopkins University $60,480
  6. Duke University $60,220
  7. California Institute of Technology $58,479
  8. Massachusetts Institute of Technology $57,590
  9. Princeton University $57,410
  10. Georgetown University $56,592
  1. University of Rochester
  2. University of Virginia
  3. Dartmouth College
  4. California Institute of Technology
  5. Tufts University
  6. University of Southern California
  7. Carnegie Mellon University
  8. Georgetown University
  9. Brown University
  10. University of California, Los Angeles
  1. Tufts University
  2. University of Rochester
  3. Dartmouth College
  4. Georgetown University
  5. University of Virginia
  6. Brown University
  7. Carnegie Mellon University
  8. Northwestern University
  9. University of Southern California
  10. Duke University
  1. California Institute of Technology 3%
  2. Harvard University 3%
  3. Massachusetts Institute of Technology 4%
  4. Columbia University 4%
  5. Stanford University 4%
  6. Brown University 5%
  7. University of Chicago 5%
  8. Yale University 5%
  9. Duke University 6%
  10. Dartmouth College 6%
  1. Massachusetts Institute of Technology 3 to 1
  2. California Institute of Technology 3 to 1
  3. Carnegie Mellon University 5 to 1
  4. University of Chicago 5 to 1
  5. Stanford University 5 to 1
  6. Princeton University 5 to 1
  7. Columbia University 6 to 1
  8. Duke University 6 to 1
  9. Northwestern University 6 to 1
  10. Brown University 6 to 1
  1. University of California, Los Angeles $11,564
  2. University of California, Berkeley $11,564
  3. University of Michigan $17,454
  4. University of Virginia $18,059
  5. Harvard University $57,261
  6. Princeton University $57,410
  7. Massachusetts Institute of Technology $57,986
  8. New York University $58,168
  9. Stanford University $58,416
  10. Johns Hopkins University $60,480
  1. University of California, Los Angeles $11,700
  2. University of California, Berkeley $11,700
  3. University of Virginia $18,382
  4. University of Michigan $25,894
  5. Cornell University $29,500
  6. New York University $37,332
  7. University of Pennsylvania $39,838
  8. University of Rochester $41,888
  9. Yale University $46,900
  10. Carnegie Mellon University $47,629

A bachelor’s degree in economics is an excellent starting point for a career in finance, policy development, marketing, and a host of other highly lucrative fields. As an economics major, you’ll study production, consumption, wealth transfer, and the way these activities relate to policy and governance. Your economics degree will also incorporate such core principles of monetary policy, budget planning, and cost analysis. The best schools for economics are those which are regionally accredited, which offer a full array of economics concentrations, and which give you the chance to work with the best and most influential professors and classmates.

Degree popularity: Economics bachelor’s degrees are the 35th most popular undergraduate degrees across all student demographics. It’s most popular among Asian Americans and Pacific Islanders men and women, for whom it ranks as the 17th most desired degree according to the number of degree earners reported by the National Center for Educational Statistics

Featured Programs

Frequently Asked Questions About Economics Bachelor’s Degrees

Earning a bachelor’s degree in economics can open numerous professional doors. You could work as an internal financial consultant for a big company, as a stock trade for a brokerage firm, or as an analyst for a government think tank. In fact, the skills and knowledge you’ll acquire in your degree program are highly transferable. This means that your understanding of concepts such as local market behavior, small business enterprising, and investment banking could land you a role in any sector that interests you. The best schools for economics will put you in a position to become a leader in an array of fast-paced and well-paying fields.

Today, top influencers in economics are illuminating topics such as new economic geography, information asymmetry theory, wealth and income inequality, and much more.

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Economics is an excellent major because it can provide a pathway into countless fields and career opportunities. If you’re looking for a well-paying and secure job, an economics degree is a great place to start. Students who major in economics gain skills that are in high demand across a wide range of professional sectors. Abilities such as budget analysis, cost estimation, and market analysis make economics majors highly employable. According to the Bureau of Labor Statistics (BLS), the number of job opportunities for economists is expected to grow by a robust 14% by 2029.

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Once you’ve declared your major in economics, you will likely be required to complete a set of core courses in a number of related subject areas. While your concentration will give you a chance to choose from a wide range of highly-specialized economics electives, there are a number of common courses that most economics majors will be required to take, including:

  • Principles of Economics
  • Money and Banking
  • Economics of Healthcare
  • Globalization
  • Econometrics
  • Labor Studies
  • Economics and the Developing Sphere
  • Gender and Economy
  • Financial Markets
  • Sustainability and Development

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Earning a degree in economics can qualify you for a number of well-paying jobs. Your specialized knowledge qualifies you to work in one of the better-paying professional fields. According to the BLS, financial analysts earned a median salary of $81,590 in 2019, while personal financial advisors earned $87,850, and economists pulled in $105,020.

With a degree in economics, you’ll have a chance to pursue an array of high-paying opportunities, including these top jobs:

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If you think a liberal arts college may be a better fit for you, see our ranking of the best liberal arts colleges for a bachelor’s in economics.

Best Research Universities for Economics Degrees

  1. #1

    Harvard University

    Cambridge , MA
    Other Rankings

    Tuition + fees

    $57K

    Acceptance

    3%

    Graduation

    98%

    Student body

    39K

    Median SAT/ACT

    1535/35

    Career Outlook for Economics degree at Harvard University

    Cost of Degree: $57,261
    Expenses: $26,277
    Starting Salary: $139,328
    Salary after 4 years: $195,559
    Cost Recoup Time: 9 years
    Paid back at 15% of annual salary

    Harvard University Economics Majors

    • Behavioral Economics
    • Industrial Organization
    • Political Economy
    • Economic Development
    • International Economics
    • Public Economics
    • Econometrics
    • Theory
    • Labor Economics
    • Financial Economics
    • Macroeconomics
    • Economic History

    Source

  2. Other Rankings

    Tuition + fees

    $58K

    Acceptance

    4%

    Graduation

    95%

    Student body

    13K

    Median SAT/ACT

    1555/35

    Career Outlook for Economics degree at Massachusetts Institute of Technology

    Cost of Degree: $57,986
    Expenses: $21,864
    Starting Salary: $153,852
    Salary after 4 years: $215,944
    Cost Recoup Time: 8 years
    Paid back at 15% of annual salary

    Massachusetts Institute of Technology Economics Majors

    • Computer Science
    • Economics
    • Data Science
    • Economics
    • Mathematical Economics

    Source

  3. #3

    University of Chicago

    Chicago , IL
    Other Rankings

    Tuition + fees

    $64K

    Acceptance

    5%

    Graduation

    96%

    Student body

    21K

    Median SAT/ACT

    1540/34

    Career Outlook for Economics degree at University of Chicago

    Cost of Degree: $62,940
    Expenses: $22,596
    Starting Salary: $103,169
    Salary after 4 years: $144,806
    Cost Recoup Time: 11 years
    Paid back at 15% of annual salary

    University of Chicago Economics Major Specializations

    • BA in Economics – Business Economics BA in Economics – Data Science

    Source

  4. #4

    Princeton University

    Princeton , NJ
    Other Rankings

    Tuition + fees

    $57K

    Acceptance

    6%

    Graduation

    97%

    Student body

    9K

    Median SAT/ACT

    1535/34

    Career Outlook for Economics degree at Princeton University

    Cost of Degree: $57,410
    Expenses: $23,005
    Starting Salary: $116,491
    Salary after 4 years: $163,504
    Cost Recoup Time: 10 years
    Paid back at 15% of annual salary

    Princeton University Economics Major

    • Program in Political Economy
    • Certificate in Finance

    Source

  5. #5

    Yale University

    New Haven , CT
    Other Rankings

    Tuition + fees

    $62K

    Acceptance

    5%

    Graduation

    98%

    Student body

    16K

    Median SAT/ACT

    1540/34

    Career Outlook for Economics degree at Yale University

    Cost of Degree: $62,250
    Expenses: $22,870
    Starting Salary: $124,604
    Salary after 4 years: $174,892
    Cost Recoup Time: 10 years
    Paid back at 15% of annual salary

    Yale University Economics Majors

    • Computer Science and Economics
    • Economics and Math
    • Economics

    Source

  6. #6

    Stanford University

    Stanford , CA
    Other Rankings

    Tuition + fees

    $58K

    Acceptance

    4%

    Graduation

    95%

    Student body

    20K

    Median SAT/ACT

    1540/34

    Career Outlook for Economics degree at Stanford University

    Cost of Degree: $58,416
    Expenses: $23,746
    Starting Salary: $141,532
    Salary after 4 years: $198,652
    Cost Recoup Time: 9 years
    Paid back at 15% of annual salary

    Stanford University Economics Majors

    • Behavioral and Experimental
    • Finance
    • International and Development
    • Policy
    • Research
    • Strategy

    Source

  7. #7

    Columbia University

    New York , NY
    Other Rankings

    Tuition + fees

    $66K

    Acceptance

    4%

    Graduation

    95%

    Student body

    37K

    Median SAT/ACT

    1535/34

    Career Outlook for Economics degree at Columbia University

    Cost of Degree: $65,508
    Expenses: $19,958
    Starting Salary: $115,790
    Salary after 4 years: $162,520
    Cost Recoup Time: 11 years
    Paid back at 15% of annual salary

    Columbia University Economics Majors

    • Economics
    • Financial Economics
    • Joint with Math
    • Joint with Philosophy
    • Joint with Political Science
    • Joint with Statistics

    Source

  8. Other Rankings

    Tuition + fees

    $14K

    Acceptance

    11%

    Graduation

    94%

    Student body

    48K

    Career Outlook for Economics degree at University of California, Berkeley

    Cost of Degree: $14,395
    Expenses: $28,648
    Starting Salary: $70,043
    Salary after 4 years: $98,437
    Cost Recoup Time: 9 years
    Paid back at 15% of annual salary

    University of California, Berkeley Economics Major

    • Economics

    Source

  9. #9

    University of Pennsylvania

    Philadelphia , PA
    Other Rankings

    Tuition + fees

    $63K

    Acceptance

    7%

    Graduation

    96%

    Student body

    33K

    Median SAT/ACT

    1535/34

    Career Outlook for Economics degree at University of Pennsylvania

    Cost of Degree: $63,452
    Expenses: $22,286
    Starting Salary: $131,816
    Salary after 4 years: $185,014
    Cost Recoup Time: 10 years
    Paid back at 15% of annual salary

    University of Pennsylvania Economics Majors

    • Economics
    • Mathematical Economics
    • Economics Minor
    • Economic Policy Minor

    Source

  10. #10

    Cornell University

    Ithaca , NY
    Other Rankings

    Tuition + fees

    $63K

    Acceptance

    7%

    Graduation

    95%

    Student body

    26K

    Median SAT/ACT

    1520/34

    Career Outlook for Economics degree at Cornell University

    Cost of Degree: $63,200
    Expenses: $19,996
    Starting Salary: $101,366
    Salary after 4 years: $142,276
    Cost Recoup Time: 11 years
    Paid back at 15% of annual salary

    Cornell University Economics Major

    • Economics

    Source

  11. #11

    University of Michigan

    Ann Arbor , MI
    Other Rankings

    Tuition + fees

    $18K

    Acceptance

    18%

    Graduation

    93%

    Student body

    52K

    Median SAT/ACT

    1440/32

    Career Outlook for Economics degree at University of Michigan

    Cost of Degree: $17,786
    Expenses: $16,820
    Starting Salary: $70,043
    Salary after 4 years: $98,437
    Cost Recoup Time: 8 years
    Paid back at 15% of annual salary

    University of Michigan Economics Major

    • Economics

    Source

  12. #12

    New York University

    New York , NY
    Other Rankings

    Tuition + fees

    $58K

    Acceptance

    12%

    Graduation

    87%

    Student body

    65K

    Median SAT/ACT

    1520/34

    Career Outlook for Economics degree at New York University

    Cost of Degree: $58,168
    Expenses: $23,927
    Starting Salary: $78,729
    Salary after 4 years: $110,503
    Cost Recoup Time: 13 years
    Paid back at 15% of annual salary

    New York University Economics Majors

    • Economics
    • Minor in Economics
    • Honors Program
    • Bachelor’s/Master’s Program

    Source

  13. #13

    Duke University

    Durham , NC
    Other Rankings

    Tuition + fees

    $63K

    Acceptance

    6%

    Graduation

    97%

    Student body

    18K

    Median SAT/ACT

    1530/34

    Career Outlook for Economics degree at Duke University

    Cost of Degree: $62,688
    Expenses: $20,061
    Starting Salary: $114,688
    Salary after 4 years: $160,974
    Cost Recoup Time: 10 years
    Paid back at 15% of annual salary

    Duke University Economics Majors

    • BS in Economics
    • BS in Economics – Finance
    • BA in Economics

    Source

  14. #14

    Northwestern University

    Evanston , IL
    Other Rankings

    Tuition + fees

    $63K

    Acceptance

    7%

    Graduation

    97%

    Student body

    27K

    Median SAT/ACT

    1530/34

    Career Outlook for Economics degree at Northwestern University

    Cost of Degree: $63,468
    Expenses: $25,926
    Starting Salary: $93,553
    Salary after 4 years: $131,310
    Cost Recoup Time: 13 years
    Paid back at 15% of annual salary

    Northwestern University Economics Majors

    • Economics
    • BA/MA program

    Source

  15. #15

    Johns Hopkins University

    Baltimore , MD
    Other Rankings

    Tuition + fees

    $60K

    Acceptance

    7%

    Graduation

    94%

    Student body

    40K

    Median SAT/ACT

    1545/34

    Career Outlook for Economics degree at Johns Hopkins University

    Cost of Degree: $60,480
    Expenses: $20,320
    Starting Salary: $89,446
    Salary after 4 years: $125,546
    Cost Recoup Time: 12 years
    Paid back at 15% of annual salary

    Johns Hopkins University Economics Major

    • Economics

    Source

  16. Other Rankings

    Tuition + fees

    $13K

    Acceptance

    9%

    Graduation

    92%

    Student body

    49K

    Career Outlook for Economics degree at University of California, Los Angeles

    Cost of Degree: $13,401
    Expenses: $23,579
    Starting Salary: $64,901
    Salary after 4 years: $91,210
    Cost Recoup Time: 9 years
    Paid back at 15% of annual salary

    UCLA Economics Majors

    • Economics
    • Business Economics

    Source

  17. #17

    Brown University

    Providence , RI
    Other Rankings

    Tuition + fees

    $65K

    Acceptance

    5%

    Graduation

    95%

    Student body

    11K

    Median SAT/ACT

    1535/35

    Career Outlook for Economics degree at Brown University

    Cost of Degree: $65,046
    Expenses: $18,540
    Starting Salary: $89,246
    Salary after 4 years: $125,264
    Cost Recoup Time: 12 years
    Paid back at 15% of annual salary

    Brown University Economics Majors

    • AB Economics
    • AB Economics – Business track
    • AB Applied Math-Economics – Advanced Economics track
    • ScB Applied Math-Economics – Advanced Economics track
    • AB Applied Math-Economics – Mathematical Finance track
    • ScB Applied Math-Economics – Mathematical Finance track
    • AB Mathematics-Economics concentration
    • AB Computer Science-Economics concentration
    • ScB Computer Science-Economics concentration

    Source

  18. #18

    Georgetown University

    Washington , DC
    Other Rankings

    Tuition + fees

    $62K

    Acceptance

    12%

    Graduation

    96%

    Student body

    24K

    Median SAT/ACT

    1485/33

    Career Outlook for Economics degree at Georgetown University

    Cost of Degree: $62,051
    Expenses: $22,644
    Starting Salary: $125,405
    Salary after 4 years: $176,017
    Cost Recoup Time: 10 years
    Paid back at 15% of annual salary

    Georgetown University Economics Majors

    • Economics
    • Political Economy

    Source

  19. #19

    Carnegie Mellon University

    Pittsburgh , PA
    Other Rankings

    Tuition + fees

    $61K

    Acceptance

    11%

    Graduation

    92%

    Student body

    16K

    Median SAT/ACT

    1530/34

    Career Outlook for Economics degree at Carnegie Mellon University

    Cost of Degree: $60,854
    Expenses: $18,886
    Starting Salary: $103,169
    Salary after 4 years: $144,806
    Cost Recoup Time: 11 years
    Paid back at 15% of annual salary

    Carnegie Mellon University Economics Majors

    • BA in Economics
    • BS in Economics
    • BS in Economics and Politics
    • BS in Economics and Mathematical Sciences
    • BS in Economics and Statistics

    Source

  20. Other Rankings

    Tuition + fees

    $65K

    Acceptance

    12%

    Graduation

    92%

    Student body

    54K

    Median SAT/ACT

    1500/33

    Career Outlook for Economics degree at University of Southern California

    Cost of Degree: $64,726
    Expenses: $20,338
    Starting Salary: $88,946
    Salary after 4 years: $124,843
    Cost Recoup Time: 13 years
    Paid back at 15% of annual salary

    University of Southern California Economics Majors

    • BS Economics and Data Science
    • BA Economics
    • BS Economics Mathematics
    • BA Political Economy
    • BA Philosophy, Politics, and Economics
    • BA Social Science emphasis in Economics

    Source

  21. #21

    Tufts University

    Medford , MA
    Other Rankings

    Tuition + fees

    $65K

    Acceptance

    10%

    Graduation

    94%

    Student body

    16K

    Median SAT/ACT

    1500/34

    Career Outlook for Economics degree at Tufts University

    Cost of Degree: $65,222
    Expenses: $19,378
    Starting Salary: $103,469
    Salary after 4 years: $145,228
    Cost Recoup Time: 11 years
    Paid back at 15% of annual salary

    Tufts University Economics Majors

    • BA in Economics
    • BA/BS in Quantitative Economics
    • BS/MS in Economics

    Source

  22. Other Rankings

    Tuition + fees

    $61K

    Acceptance

    3%

    Graduation

    94%

    Student body

    3K

    Career Outlook for Economics degree at California Institute of Technology

    Cost of Degree: $60,864
    Expenses: $22,734
    Starting Salary: $106,474
    Salary after 4 years: $149,446
    Cost Recoup Time: 11 years
    Paid back at 15% of annual salary

    California Institute of Technology Economics Major

    • Economics

    Source

  23. #23

    Dartmouth College

    Hanover , NH
    Other Rankings

    Tuition + fees

    $63K

    Acceptance

    6%

    Graduation

    95%

    Student body

    7K

    Median SAT/ACT

    1540/34

    Career Outlook for Economics degree at Dartmouth College

    Cost of Degree: $62,430
    Expenses: $21,144
    Starting Salary: $110,381
    Salary after 4 years: $154,929
    Cost Recoup Time: 11 years
    Paid back at 15% of annual salary

    Dartmouth College Economics Major

    • Economics Major and Minor

    Source

  24. #24

    University of Virginia

    Charlottesville , VA
    Other Rankings

    Tuition + fees

    $21K

    Acceptance

    19%

    Graduation

    95%

    Student body

    29K

    Median SAT/ACT

    1470/33

    Career Outlook for Economics degree at University of Virginia

    Cost of Degree: $21,425
    Expenses: $17,790
    Starting Salary: $70,398
    Salary after 4 years: $98,936
    Cost Recoup Time: 9 years
    Paid back at 15% of annual salary

    University of Virginia Economics Major Concentrations

    • Financial Economics
    • Industrial Organization
    • International Economics
    • Public Policy

    Source

  25. #25

    University of Rochester

    Rochester , NY
    Other Rankings

    Tuition + fees

    $62K

    Acceptance

    39%

    Graduation

    90%

    Student body

    13K

    Median SAT/ACT

    1465/32

    Career Outlook for Economics degree at University of Rochester

    Cost of Degree: $61,678
    Expenses: $20,922
    Starting Salary: $74,422
    Salary after 4 years: $104,457
    Cost Recoup Time: 14 years
    Paid back at 15% of annual salary

    University of Rochester Economics Majors

    • BA in Economics
    • BA Financial Economics

    Source

    University of Rochester’s Online Degrees

    BSN in RN to BSN
    • Required Credits: 128
    • Completion Time: None Reported
    • Format: Online

Career Outlook for Students with Economics Degree

Go to Degree Finder tool

Economics

Degree Level: Bachelor's

  • Location: The U.S. (Private Schools)
  • Avg. Cost of Degree*: $11,773
  • Avg. Expenses*: $17,122
  • Avg. Starting Salary*: $45,293
  • Avg. Salary after 4 Years*: $63,653
  • Avg. Cost Recoup Time**: 10 years
  • Job Growth: 2.32%
  • Number of Jobs: 2,376,200
  • * denotes ‘annually’
  • ** denotes ‘at 15% of annual salary’

Career Salaries

CareerJob GrowthAvg. Salary
Economists6.25%$108,366
Managers, All Other3.35%$106,040
Economics Teachers, Postsecondary4.05%$104,688
Data Scientists35.11%$91,799
Statisticians31.83%$90,928

Average Career Salaries

Bottom 10%MedianTop 10%
$53,242$90,147$141,124

Promising Job Markets

StateCost of LivingAvg. Salary
#2 Alabama13% higher than average$102,252
#3 Illinois7% higher than average$101,612
#4 Virginia5% higher than average$99,747
#5 New York5% higher than average$108,048
#6 Texas10% higher than average$92,580

Top Industries

IndustryAvg. Salary
Economists$108,366
Managers, All Other$106,040
Economics Teachers, Postsecondary$104,688

Go to all Research Universities for Economics programs

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